Alfa Laval Corporate AB (OTCMKTS:ALFVY) Sees Significant Decrease in Short Interest

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 99.0% from the November 30th total of 10,500 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is presently 0.0 days.

Alfa Laval Corporate Stock Performance

Shares of Alfa Laval Corporate stock opened at $42.12 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Alfa Laval Corporate has a 52 week low of $34.87 and a 52 week high of $48.46. The firm’s 50 day moving average is $43.44 and its two-hundred day moving average is $44.13. The firm has a market capitalization of $17.41 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.13 and a beta of 1.42.

Alfa Laval Corporate (OTCMKTS:ALFVY) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Alfa Laval Corporate had a net margin of 10.39% and a return on equity of 17.71%. Research analysts forecast that Alfa Laval Corporate will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Alfa Laval Corporate from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, December 18th.

About Alfa Laval Corporate

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.